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Increased demand from industries such as construction, health care, and packaging are expected to drive innovation in poly-vinyl chloride manufacturing, thus driving the market during the forecast period.

The global poly-vinyl chloride market is expected to grow from $82.46 billion in 2022 to $89.02 billion in 2023 at a compound annual growth rate (CAGR) of 7.9%. The global poly-vinyl chloride market size is expected to grow from $119.4 billion in 2027 at a CAGR of 7.6%.

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Global Poly-Vinyl Chloride Market Segments Include:

• By Product Type: Rigid PVC, Flexible PVC, Low-smoke PVC, Chlorinated PVC
• By Application: Pipes & Fittings, Film & Sheets, Wire & Cables, Bottles, Profiles, Hoses & Tubing, Other Applications
• By End User Industry: Building & Construction, Automotive, Electrical & Electronics, Packaging, Footwear, Healthcare, Other End Use Industries
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global poly-vinyl chloride market in 2021.

Major Market Players in the poly-vinyl chloride market include Westlake Chemical Corporation, Shin-Etsu Chemical Co., INEOS Group Ltd., LG Chem, Formosa Plastics Corporation, Occidental Chemical Corporation.

Poly-vinyl chloride manufacturing companies are increasingly implementing the new “molecular orientation” technology to improve the physical and mechanical properties of the PVC produced. Molecular orientation is a manufacturing method that increases the flexibility and resistivity of PVC from fatigue and impact. Under certain pressure, temperature, and speed conditions, molecular technology aligns the randomly arranged molecules in a normal PVC in the same direction. The new alignment improves the strength and ductility of the PVC pipes, creating new PVC-O pipes. For instance, Molecor uses molecular orientation to produce TOM® PVC-O pipes. These pipes are resistant to low temperatures and have high resistance to cracks or impacts.

The Poly-Vinyl Chloride Global Market Report 2023  provides a poly-vinyl chloride market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The poly-vinyl chloride market forecast analyzes poly-vinyl chloride market size, poly-vinyl chloride market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Polyvinyl chloride is a white synthetic organic compound available in powder form or granules with a high density and high impact strength. PVC is commonly used in construction as insulation on electrical wires. It is also blow-molded into clear, transparent bottles.

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